Pension Rule No.12: Restriction On Practice In Income-Tax And Other Cases After Retirement

12. Restriction On Practice In Income-Tax And Other Cases After Retirement:-

(1)   No pensioner who, while in service retired from a post under the Department of Revenue in the Ministry of Finance, shall set up practice before the expiry of two years from the date of his retirement:-

(a)   In any area which was within the local limit of his jurisdiction during the last three years immediately before his retirement;

(b)   In areas other than those referred to in clause (a) without the previous sanction of the President.

(2)  No pension shall be payable to such pensioner who sets up practice in contravention of sub-rule (1) in respect of any period for which he has set up practice or such longer period as the Government may direct.

Explanation: For the purpose of this rule the expressions,

(i)    Practice means practice, either independently or as a partner of a firm or a consultant or adviser in matters relating to Income-tax, Wealth tax, duties of customs, duties of Central Excise or estate duty, or as representative of assesses in proceeding under the enactment relating to the levy of such tax or duty;

(ii)    Date of Retirement shall have the same meaning as in explanation (b) to rule 11.